Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• In 2021, COHL obtained green construction certification for 490 projects, with a total area of 89.27 million square meters. COHL was awarded the highest grade of dark green (G-AAA) by China Lianhe Equator Environmental Impact Assessment Co., Ltd.

Social Achievements

• Created more than 2.4 million social jobs and hired 32,000 graduates, making important contributions to stabilizing employment. Promoted targeted poverty alleviation and counterpart assistance to consolidate and expand the achievements of poverty alleviation and promote rural revitalization.
• CSCEC was awarded the highest honor of 2021 CAIJING Evergreen Award for Sustainable Development – “Sustainable Development Contribution Award”, and has been rated as the “Excellence” in the development of corporate social responsibility in China by the Research Center on Corporate Social Responsibility of the Chinese Academy of Social Sciences for nine consecutive years.

Governance Achievements

• Deepened reform, optimized the modern corporate system with Chinese characteristics, and further improved the efficiency of corporate governance. Thoroughly implemented the tenure system and contractual management of subsidiaries, and 64 subsidiaries implemented the professional manager system.

Climate Goals & Targets

Environmental Challenges

• Customer credit risks due to financial distress of vulnerable property enterprises with high debt and leverage.
• Macro-economic risks due to the complex international environment and declining domestic economic growth.
• Pandemic prevention and control risks due to the ongoing global pandemic.
• Public opinion risks in the 5G all-media era.
• Safety, environmental protection, and quality risks due to the scale of operations and diverse business formats.

Mitigation Strategies

• Strengthening policy research and management of marketing bottom lines to optimize contract payment conditions and monitor project performance.
• Strengthening research on macroeconomic and industrial policies to closely follow national and local investment and construction hotspots.
• Implementing precise policies and response to normalized pandemic prevention and control, maintaining pandemic prevention and control as work highlights overseas.
• Strictly enforcing compliance management and organizing regular training on press releases and public opinion guidance.
• Continuously improving the safety production risk prevention and control system, implementing hierarchical and classified management, and improving the quality risk management and control system.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• 13th in Fortune Global 500 (2021)
• 3rd on Fortune China 500 (2021)
• First in UK Brand Finance “2021 Global Brand Value Top 500”,
• Top of ENR's Top 250 Global Contractors for six consecutive years
• 2021 CAIJING Evergreen Award for Sustainable Development – “Sustainable Development Contribution Award”

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Social responsibility
• Corporate governance

Environmental Achievements

• Established 456 pandemic prevention facilities providing 470,000 beds
• Promoted green and low-carbon office practices
• Actively participated in environmental and ecological restoration projects
• Invested and constructed more than 40 steel structure and concrete component production plants
• Successfully issued carbon-neutral CMBS of RMB5 billion
• Reduced construction waste, carbon emissions, and material waste through MiC technology

Social Achievements

• Enrolled 32,000 fresh graduates and provided jobs for 2.4 million migrant workers
• Promoted the common development of 600,000 upstream and downstream companies and precisely supported 4,829 small and micro enterprises and individually owned businesses
• Completed the construction of 28 Beijing Winter Olympic venues and ancillary projects

Governance Achievements

• The Company and two of its subsidiaries were listed in Corporate Governance Demonstration Enterprises by the SASAC, ranking first in terms of number of selected enterprises
• Improved the modern enterprise system with Chinese characteristics and the reform of the three systems
• Reduced general and administrative expenses per hundred income by 11.7% year-on-year

Climate Goals & Targets

Environmental Challenges

• Customer credit risks due to debt crisis of property enterprises
• Macro-economic risks due to Russia-Ukraine conflict, China-US relations, and pandemic resurgence
• Pandemic prevention and control challenges
• Safety, environmental protection, and quality risks due to natural disasters and pandemic resurgence

Mitigation Strategies

• Enhanced credit risk prevention for front-end customers
• Focused on high-quality development, innovative development, green development, optimized business development, digital development and big security development
• Established pandemic prevention and control system
• Introduced programs on enhancing the awareness of safety production; established and improved the dual prevention mechanism of safety production risk classification management and control and hidden danger investigation and management

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASAC

Third-party Assurance: Ernst & Young Hua Ming LLP (Special General Partnership)

Sustainable Products & Innovation

• Green construction technologies
• Intelligent construction technologies
• Prefabricated buildings

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Hundreds of efficient carbon peak projects
• 10,000 green and low-carbon construction sites
• Accelerated the development of the construction industry internet
• Developed green and low-carbon technology system covering construction research and development, digital manufacturing, intelligent construction, and intelligent operation

Social Achievements

• Recruited nearly 30,000 college graduates
• Led over 2 million industrial workers to increase their income
• Implemented more than 100 assistance and support projects
• Partook in over 150 flood relief missions
• Pushed ahead with the “Hundreds of Lectures into the Construction Site (百场宣讲进工地)” campaign themed on the welfare of children left behind in rural areas by migrant-working parents
• Earned honors such as the China ESG Excellence in Practice award

Governance Achievements

• Optimized its corporate governance system
• Improved the decision-making checklist and operation rules of each governing body
• Expanded the scope of subsidiaries that carry out the Board’s functions and powers
• Optimized the governance structure of overseas institutions
• Established the ESG governance mechanism
• Accelerated the treasurer system establishment

Climate Goals & Targets

Environmental Challenges

• Safety, environmental protection and quality risks
• Customer credit risks
• Macro-economic risks
• Cash flow risks
• Operational performance risks

Mitigation Strategies

• Reinforcing the foundation of production safety
• Investigating and remedying the risks and hazards of major or higher-level production and safety accidents
• Constructing high-quality “Safe CSCEC”
• Investigating and remediation of major ecological and environmental protection risks
• Preventing serious incidents of environmental pollution and ecological damage
• Assessment of its quality system and a special campaign to manage quality risks
• Promoting quality standardization and evaluation of quality engineering projects
• Establishing a customer credit management system
• Improving the early warning mechanism for high-risk customers
• Strengthening the ability to identify and resolve risks related to payment collection of investment projects
• Strengthening macroeconomic research
• Catching close up with the national and local investment and construction hot spots
• Actively growing its footprint in strategic emerging industries
• Evaluating the execution of the strategic 14th Five-Year Plan
• Adjusting the business development strategy in a timely manner
• Strengthening cash flow budget management and monitoring
• Deepening governance over payment collection of investment projects and the liquidation of special assets
• Advancing the unified management of accounts receivable and payable
• Intensifying the collection of overdue accounts receivable
• Strengthening the management of operational performance risks at the source
• Promoting governance of projects with potential losses
• Systematically enhancing the value creation capacity of projects
• Dynamically monitoring the performance of real estate projects
• Supervising subsidiaries’ performance in operation planning
• Carrying out routine early-warning and alert against risks
• Strengthening operation and maintenance performance appraisal

Supply Chain Management

Responsible Procurement

• Established regulations such as the CSCEC Subcontractor Resource Management Measures 《中国建筑分供方资源管理办法》

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• ultra-low-energy building products
• high-performance envelope structures
• high-airtightness door and window systems
• high-efficiency air conditioning and ventilation systems
• energy-saving electrical and lighting systems
• “Photovoltaic, Energy storage, Direct current and Flexibility”series
• super-charging piles
• photovoltaic modules with imitation aluminum panels
• a series of products of low-noise and high-efficiency defrost air-cooled heat pumps
• recycled new decorative materials inorganic artificial stone products

Awards & Recognition

• China ESG Excellence in Practice award
• “Best Practice Case of Corporate Governance”,
• “Best Practice Case of Board of Directors of Listed Companies”,
• “ESG Best Practice Case”
• “The Best Board of Directors Award”